Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29020. (Read 26609741 times)
March 04, 2014, 11:04:27 AM
Feels like a new US based bitcoin exchange?
March 04, 2014, 11:03:34 AM
Rpietila, I am keen to hear what your predictions are for the next week or so ?
I cannot predict such short timespans.
The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.
That seems to be a pretty wimpy explanation... NO HATING... but it remains fairly unclear the extent that Mt. Gox coinholders are going to replace their coins, though possibly, they may replace a fraction of their coins - if they have fiat to accomplish such replacement.
There seems to be a lot more going on in the bitcoin sphere that will be driving up demand for bitcoin, besides the potential replacement of GOX coins. First is that we have a greater clarification of the GOX situation and Second, there has been a lot of BTC network building over the last several months - creating a sort of pent up demand... - fiat waiting on the sidelines b/c of China in December and January and then GOX in February.
In other words, we are likely bound for choo choo territory... first to the 800 to 1000 arena within the next week or two, and then maybe after lingering in the 800-1000 arena for a few months later, with the next 3 months or so the $1500 plus arena....
March 04, 2014, 11:02:56 AM
But then, what is "honorable" about bitcoin?
The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.
Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin
How can you defend yourself being involved i such a vicious thing? I guess you are grossly unethical, both of you.
March 04, 2014, 11:00:56 AM
That actually looks pretty sweet.
March 04, 2014, 11:00:43 AM
Rpietila, I am keen to hear what your predictions are for the next week or so ?
I cannot predict such short timespans.
The biggest market mover is the people who thought they had bitcoins in Mt.Gox. When they replace (which I believe is going on), the price can rise a lot. We are talking about 100,000s of coins of extra demand.
That seems to be a pretty wimpy explanation... NO HATING... but it remains fairly unclear the extent that Mt. Gox coinholders are going to replace their coins, though possibly, they may replace a fraction of their coins - if they have fiat to accomplish such replacement.
There seems to be a lot more going on in the bitcoin sphere that will be driving up demand for bitcoin, besides the potential replacement of GOX coins. First is that we have a greater clarification of the GOX situation and Second, there has been a lot of BTC network building over the last several months - creating a sort of pent up demand... - fiat waiting on the sidelines b/c of China in December and January and then GOX in February.
In other words, we are likely bound for choo choo territory... first to the 800 to 1000 arena within the next week or two, and then maybe after lingering in the 800-1000 arena for a few months later, with the next 3 months or so the $1500 plus arena....
March 04, 2014, 10:59:59 AM
It begins ladies :http://www.bloomberg.com/tv/
March 04, 2014, 10:58:07 AM
But then, what is "honorable" about bitcoin?
The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.
Money thats value is held up mostly by a group of unknown people, who are in all probability former drug dealers, crackers or confidence men. The value is held up by those people and their decisions whether to dump their coins on the market or not.
This is the definition of sound money in the cult of bitcoin
March 04, 2014, 10:55:33 AM
March 04, 2014, 10:54:27 AM
I do agree that gox coins are being replaced at the moment, however I think it would be easy to over estimate how many coins are being replaced for a number of reasons;
1) out of the 750,000 customer coins I guarantee a good portion are early adopters, these are the people who saw the potential earlier fully beleived in btc and didn't sell or trade any. These accounts will also have a significant more % of the total coins.
2) People dont tend to loose life changing amounts of money and then jump back out and throw more money at it.
3) From the issues that mtgox had with trying to spend coinbase coins (< 100 confirmations) we can see that a lot of miners mined straight to their gox accounts. They are unlikely to go and buy more coins they will just carry on mining.
4) There are the people also who had literally all their money in btc and simply cant buy back any.
This is obviously mitigated by the fact that a small percentage of coins are actually traded or on exchanges at any one time and even if 10% of the gox coins are replaced thats going to cause a good surge in the market.
1) out of the 750,000 customer coins I guarantee a good portion are early adopters, these are the people who saw the potential earlier fully beleived in btc and didn't sell or trade any. These accounts will also have a significant more % of the total coins.
2) People dont tend to loose life changing amounts of money and then jump back out and throw more money at it.
3) From the issues that mtgox had with trying to spend coinbase coins (< 100 confirmations) we can see that a lot of miners mined straight to their gox accounts. They are unlikely to go and buy more coins they will just carry on mining.
4) There are the people also who had literally all their money in btc and simply cant buy back any.
This is obviously mitigated by the fact that a small percentage of coins are actually traded or on exchanges at any one time and even if 10% of the gox coins are replaced thats going to cause a good surge in the market.
March 04, 2014, 10:53:42 AM
But then, what is "honorable" about bitcoin?
The honorable thing is to allow yourself and others to have sound money. You, on the other hand, prefer to stay uninformed and shamelessly perpetuate your desinformation. It feels safer to go with the thugs, I guess.
March 04, 2014, 10:52:59 AM
Quote
Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.
http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/
Sean Percival says "Not Yet." So this may not be the Blockchain.com announcement.
https://twitter.com/ErikSchatzker/status/440852040932003840
March 04, 2014, 10:50:46 AM
People depositing to BTC-E. When will you learn.
Depositing in bitcoin seems to work pretty well, and pretty quickly... Though, yes, that seems to be a different story.
March 04, 2014, 10:50:18 AM
Yeah, coins finally arrived at BTC-E.. now to wait for the pre-pump that happens before the news, so I can sell before everyone discovers that the "important news" is just to endorse their own service. LTC pumps seem weak and a slow drop is currently more probable.
It's scary to hold fiat at BTC-E tho.. have to wait for an quiet night to sneak back to stamp.
It's scary to hold fiat at BTC-E tho.. have to wait for an quiet night to sneak back to stamp.
March 04, 2014, 10:46:55 AM
So it seems that the rally was antecipation for the Bloomberg thing, then?
And Bloomberg doesn't seem to be saying a peep about it. https://twitter.com/ErikSchatzker/status/440852040932003840
Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)
Quote
Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.
http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/
So in 16min on bloomberg tv?
http://www.bloomberg.com/tv/
March 04, 2014, 10:45:02 AM
So it seems that the rally was antecipation for the Bloomberg thing, then?
And Bloomberg doesn't seem to be saying a peep about it. https://twitter.com/ErikSchatzker/status/440852040932003840
Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)
Quote
Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.
http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/
So in 16min on bloomberg tv?
March 04, 2014, 10:43:35 AM
So it seems that the rally was antecipation for the Bloomberg thing, then?
And Bloomberg doesn't seem to be saying a peep about it. https://twitter.com/ErikSchatzker/status/440852040932003840
Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)
Quote
Some have suggested that the news is the launch of Blockchain.com, a site the service teased in early February, but it’s simply too soon to tell.
http://newsbtc.com/2014/03/04/blockchain-info-ceo-nic-cary-appear-bloomberg-tv-news-bitcoin/
March 04, 2014, 10:42:33 AM
Anyone else think that maybe SR2 and Gox were somehow tied together, and when SR2 announced that their coins had been stolen, it was only because they had inside information that Gox had 'lost' all of their coins? So when Gox went down, SR2 did too? Seems a little fishy that they would both claim theft by malleability at roughly the same time, but it didn't affect anyone else. Maybe MK owned them both.
Or when Gox announced - "We are not involved with Silk Road...." 
March 04, 2014, 10:42:05 AM
So it seems that the rally was antecipation for the Bloomberg thing, then?
And Bloomberg doesn't seem to be saying a peep about it. https://twitter.com/ErikSchatzker/status/440852040932003840
Wait, that does not say Bloomberg is going to show Bitcoin prices, only that they will show an interview with Antonopoulos (is that him?)
March 04, 2014, 10:39:50 AM
Anyone else think that maybe SR2 and Gox were somehow tied together, and when SR2 announced that their coins had been stolen, it was only because they had inside information that Gox had 'lost' all of their coins? So when Gox went down, SR2 did too? Seems a little fishy that they would both claim theft by malleability at roughly the same time, but it didn't affect anyone else. Maybe MK owned them both.
March 04, 2014, 10:39:31 AM
So it seems that the rally was antecipation for the Bloomberg thing, then?
And Bloomberg doesn't seem to be saying a peep about it. https://twitter.com/ErikSchatzker/status/440852040932003840
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